Rajasthan, June 27, 2014: Binani Cement having accepted the tax liabilities of Rs. 182 Crores and on the basis of the order passed by Hon’able Rajasthan High Court directing the company to pay an amount of Rs.50 Crores by June 30, 2014 and balance amount in 12 equal monthly installments.
The company has made payment of Rs. 50 Crores as of June 27, 2014 in full compliance of the High Court order ahead of the due date.
While, the Rajasthan High Court single bench order has been stayed by the division bench of the Hon’ble Rajasthan High Court for final hearing on July 4, 2014.
R. S. Joshi
President, Corporate Affairs
Binani Cement Limited